HINT : MRA= MAJOR RESISTANCE AREA
THE CURRENCY PAIR BROKE ABOVE MAJOR RESISTANCE LINE 1 AND BOUNCE AWAY FROM MRA 1
I EXPECT A SHORT TERM RETRACEMENT TO THE MRA 1 AND BREAK OUT OF THE MRA 2 AND BEYOND
ALSO THE INDICATOR MACD SHOWS A REDUCED MOMENTU AT IT'S TOP AND SHOWING AN INCREASED MOMENTUM ON IT'S WAY DOWN, SIGN OF A BEARISH MARKET
TAP THE LIKE IF YOU FOUND MY ANALYSIS USEFUL!!
THE CURRENCY PAIR BROKE ABOVE MAJOR RESISTANCE LINE 1 AND BOUNCE AWAY FROM MRA 1
I EXPECT A SHORT TERM RETRACEMENT TO THE MRA 1 AND BREAK OUT OF THE MRA 2 AND BEYOND
ALSO THE INDICATOR MACD SHOWS A REDUCED MOMENTU AT IT'S TOP AND SHOWING AN INCREASED MOMENTUM ON IT'S WAY DOWN, SIGN OF A BEARISH MARKET
TAP THE LIKE IF YOU FOUND MY ANALYSIS USEFUL!!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.